soaring 2,000 in a week, investors are left wondering when price will pause to consolidate. After two more rallies. Bitcoin over the last six months. "The market has shown evidence of an impulsive rally since breaking above 6,044 Sheba Jafari, vice president on the bank's ficc Market Strats team, said in a Sunday note. Beyond there, Jafari notes that any overlap with the interim high from Nov. In July 2017, Jafari suggested that Bitcoin would hit the 4,000 mark by the end of the year.
Her team warned investors to keep an eye on BTC price, predicting that, The next meaningful level is down at 7,667 to 7,198. Correction: This story has been updated to reflect current CoinDesk data that shows bitcoin fell below 7,000 Monday. This break indicated potential for an impulsive advance, one that could reach at least 7,941. While in Hong Kong, Sheba founded and served as Chair of the CMT Association Chapter there. Sheba Jafari, msta, CMT is Head of the Global Macro Technical Analysis team at Goldman Sachs. Bitcoin hit 5,013 in early September but dropped to 2,951 in about two weeks as China cracked down on digital currencies. Here I present the bigger picture of what she was talking about. According to, business Insider and, bloomberg, the note came as the cryptocurrencys price cleared a new all-time high above 7,600. 8th at 7,882 invalidates any potential for this to be a 4th of 5/V. .
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